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The Kingdom of Saudi Arabia signs MoU to collaborate on green energy with the Netherlands

The Kingdom of Saudi Arabia has signed a Memorandum of Understanding (MoU) agreement with the Netherlands to collaborate on green energy solutions. The agreement took place in Rotterdam at the World Hydrogen Summit & Exhibition May 11th 2023.

The MoU is a significant milestone that involves the Netherlands becoming a potential destination in Europe for hydrogen derived from renewable energy sources in Saudi Arabia. This would make Rotterdam the hub for hydrogen transport to Europe. It also aims to strengthen cooperation between the two countries in the fields of energy and technology, particularly in the areas of renewable energy, energy efficiency, and carbon capture, utilization and storage (CCUS). It also seeks to establish joint research and development projects and exchange knowledge and expertise.

Micky Adriaansens, Dutch Minister of Economic Affairs and Climate Policy, signed the MoU with Prince Abdulaziz bin Salman Al Saud, the Minister for Energy for Saudi Arabia.

"Rotterdam would be our hub to Europe," the prince said, adding the Netherlands and Germany would be Saudi Arabia's "natural partners" in the green hydrogen trade.

"You are putting facilities on the ground, you are building storages and pipelines, you have a plan."

The Prince also participated in a session entitled, "The Global Aspirations of the Kingdom of Saudi Arabia in the Field of clean hydrogen." He reviewed the global directions and aspirations of the Kingdom of Saudi Arabia in this field and distinguished projects related to them that are being accomplished in Saudi Arabia.

The Kingdom is currently developing the world’s largest utility scale hydrogen facility in NEOM. The project will be powered by renewable energies and produce 650 tons of carbon-free hydrogen per day. The first production will take place in 2026. these developments along with cooperations such as the MoU with the Netherlands help to cement Saudi Arabia's ambitious Vision 2030 project which aims, to diversify the country's economy and reduce its dependence on oil and gas. The Kingdom is committed to developing towards a more sustainable future and will achieve this through collaboration with countries such as the Netherlands and further development of green technologies and solutions such as – the Saudi Green Initiative and the Middle East Green Initiative.

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